Patten Company purchased an 80% interest in Salty Inc on January 1, 2016, for $500,000 when the stockholders' equity of Salty was $500,000 . Any excess of cost was attributed to a building with a 20-year life
On July 1, 2019, Patten sold part of its investment and reduced its ownership interest to 60%. Salty earned $62,000, evenly, during 2019 . The NCI share of 2019 consolidated income is a. $10,000
b. $12,400
c. $16,725
d. $43,400
c
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When a party is telling his or her story, as a mediator, you should do all the following except:
a. Remind the other party of the ground rules if he or she is not following them. b. Ask open-ended questions. c. Offer tentative proposals, and ask the party to respond to them. d. Take notes in order to follow up later with questions.
State X hired Build-Right Construction to build a bridge. State X required that construction be completed within 2 years after the contract was signed. Les Johnson is the president of Build-Right
State X required that Build-Right's promise to perform be guaranteed by a third party. Build-Right purchased a performance bond from Rock Solid Indemnity. The bond requires Rock Solid to be responsible if Build-Right does not have the project completed on time. In this scenario, which party is the obligee? A) State X B) Build-Right Construction C) Les Johnson D) Rock Solid Indemnity